Economy

Do You Have Lennar Corporation (NYSE:LEN) In Your Portfolio?

Lennar Corporation (LEN) is an interesting player in the Industrial Goods space, with a focus on Residential Construction. According to their predictions high & low revenue estimates are 3.69 Billion and 3.37 Billion respectively. The business is expected to report its next earnings results on Monday, December 18th. Lennar Corporation (NYSE:LEN)'s RSI (Relative Strength Index) is 63.44. Mcf Advsr Limited Liability Corp stated it has 0.06% of its portfolio in Lennar Corporation (NYSE:LEN). The construction company reported $1.06 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.01 by $0.05. Lennar Corporation had a return on equity of 12.37% and a net margin of 6.65%. This movement could be bad/good signal for few investors as firm is showing performance for the quarter as -4.08%. Perhaps, that suggests something about why 84.86% of the outstanding share supply is held by institutional investors.

Analysts' ultimate objective when projecting revenue is to determine the appropriate value for a stock.

The average 1-year price target for Lennar Corporation (LEN) - averaging the work of different analysts - reveals a mean PT of $60.83/share. The stock of Lennar Corporation (NYSE:LEN) earned "Neutral" rating by Citigroup on Wednesday, October 4. Lennar Corporation has an average rating of "Hold" and a consensus target price of $57.93.

Lennar Corporation (NYSE:LEN) received a Buy rating from 3 analysts. The stock has "Buy" rating by RBC Capital Markets on Sunday, August 20.

Analysts on average have given a price target of $0 to Lennar Corporation (LEN) stock. Ltd. now owns 26,042 shares of the construction company's stock valued at $1,333,000 after acquiring an additional 4,182 shares during the last quarter. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 14.93%, and has a solid year to date (YTD) performance of 39.13% which means that the stock is constantly adding to its value from the previous fiscal year end price. Capstone Asset Management Co. boosted its holdings in shares of Lennar Corporation by 12.9% in the 2nd quarter. The Amica Mutual Insurance Company holds 95,185 shares with $8.93M value, down from 101,211 last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Lennar Corporation in the second quarter worth $821,000. Washington Trust Bank now owns 2,462 shares of the construction company's stock worth $131,000 after buying an additional 794 shares during the last quarter.

The Company plans to use the proceeds from the offering, which are estimated to be approximately $1.2 billion, on a gross basis before underwriting fees and expenses, to fund a portion of the cash consideration payable by the Company in connection with the Merger (as defined below), to pay expenses related to the Merger and for general corporate purposes. QS Investors LLC now owns 2,541 shares of the construction company's stock worth $135,000 after buying an additional 25 shares during the last quarter. Ltd. boosted its position in shares of Lennar Corporation by 19.1% in the first quarter. The stock of Lennar Corporation (NYSE:LEN) has "Market Perform" rating given on Thursday, September 29 by Wells Fargo. The firm has a market cap of $13,812.11, a price-to-earnings ratio of 15.05, a P/E/G ratio of 1.42 and a beta of 1.31. During the last 52 weeks, the (NYSE:LEN) price has been as high as $59.32 and as low as $40.24. The company has a quick ratio of 0.59, a current ratio of 7.76 and a debt-to-equity ratio of 0.72.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 2nd. Prnewswire.com's article titled: "Lennar Corporation Declares Dividend of Class B Common Stock" and published on October 30, 2017 is yet another important article. This represents a $0.16 dividend on an annualized basis and a yield of 0.27%. Moreover, Hanson Mcclain has 0% invested in Lennar Corporation (NYSE:LEN).

COPYRIGHT VIOLATION NOTICE: "Zacks: Brokerages Expect Lennar Corporation (LEN) Will Announce Quarterly Sales of $3.62 Billion" was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal.



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